Registering a business for VAT in different jurisdiction is a necessity for globally-trading businesses. These registration requirements may vary between countries, for trade between EU members and trade outside the EU.
Without experience of a country or language capability, this can be difficult to navigate. Taxback International’s VAT Registration and Compliance technology solution, Comply, makes fulfilling your VAT Registration obligations simple and efficient.
We fully manage all of your VAT obligations across multiple countries, wherever they arise.
Our global VAT Compliance technology solution, Comply, is a scalable, secure cloud-based platform that is transforming how VAT compliance is managed.
Our combination of knowledge-based technology and our in-house VAT experts ensure 100% VAT compliance.
When your business expands outside your country of establishment, you will need to register and file VAT in that country. This means dealing with different tax authorities, VAT rates and specific rules of the country. That’s where Taxback International can help.
We are at the forefront of VAT compliance technology and have developed Comply to help businesses efficiently tackle compliance obligations. Comply can assist with assessing the needs for VAT registration, with VAT return preparation, submission, and payment through the platform. Benefit from our unique software that provides full visibility on your VAT return status and a fully automated end-to-end VAT return process. If your business is in need of assistance with managing multiple VAT registrations across various jurisdictions, contact us today.
The rules around VAT registration vary in each tax jurisdiction. The local VAT thresholds in each country are unique and may even vary for the provision of goods or services. If your company is performing any of the below taxable activities (or any other activities that are deemed taxable), you must adhere to the VAT laws of the country where the supply arises – which can include VAT registration, and periodic VAT returns and statistical filings.
Local VAT registration thresholds do not apply to non-established or “foreign” businesses. If you are a non-established business with taxable supplies in an EU country, the domestic VAT registration thresholds don’t apply. You may have a registration obligation from your first Euro sale.
Also, if you are selling cross border in Europe to consumers you may need to consider the VAT registration thresholds applicable to distance sales.
The full list of EU VAT thresholds can be found here.
When a business expands across EU (European Union) countries, they must register and file a VAT number in that country. This requires dealing with local tax authorities as well as understanding country-specific VAT rates, rules, and regulatory procedures. Without expertise and adaptable technology this quickly becomes both time consuming and labour intensive.
Comply, our end-to-end VAT compliance technology platform, was designed specifically to help businesses tackle VAT compliance obligations across multiple entities, multiple jurisdictions, and multiple countries. Our technology assists businesses in assessing the needs for VAT registration, VAT return preparation, submissions, and features in-built payments technology.
Distance sales occur when goods are dispatched or transported to a private consumer (not VAT registered) in another European Union (EU) Member State, and the supplier is responsible for the delivery of the goods.
Any businesses selling goods online to consumers in other EU countries where they are not already VAT registered will have an obligation to register for VAT if they breach the threshold for distance sales in that country. Taxback International can assist with your VAT registrations and VAT compliance obligations related to your distance sales. We can also assist you with the E-Commerce changes coming from 1 July 2021.
Businesses selling goods online through Amazon to consumers in other countries may have additional registration requirements if they are using Fulfilment by Amazon, which will give rise to VAT registration obligations in countries where they hold stock. Taxback International are an approved Amazon VAT provider, andcan assist with your VAT registration and compliance obligations.
Comply, our end-to-end VAT technology platform, manages complex, country-specific rules to help businesses navigate the digitalizing global tax landscape.
Comply provides trend analysis and accurate financial forecasting and features integrated payments technology to enable cross-border tax office payments on-time in local currencies.
Fiscal Representation is required in the following scenarios:
• Non-EU businesses registering in an EU Member State where Fiscal Representation is required
• EU business registering in another Member State where there is a beneficial VAT regime. For example, to use the import VAT deferment scheme in the Netherlands
After Brexit, as the UK will be considered a 3rd country, UK established businesses will need to appoint fiscal representation where it is currently required for other non- EU countries, with some exceptions following the Brexit deal. Generally, fiscal representation has to be in place prior to the submission of the first post Brexit VAT return, although some tax offices have set more stringent deadlines.
If you fail to register for VAT at the appropriate time, your business could be liable for a late registration penalty. The longer the period that you failed to register for VAT, the greater the penalty will be. International VAT obligations are not an option, they are compulsory.
Any company that requires new VAT registrations or fiscal representation as a result of Brexit will see a practical impact on their VAT processes. For more on this, check out our recent interview with Global VAT Director – Lisa Dowling.
Taxback International will analyse and review your business’s activities to determine if a VAT registration or fiscal representation obligations exist in a particular country. If VAT registration is required we will prepare all necessary documents, forms and supporting documentation and submit and follow the request for VAT registration to the relevant tax office(s) until complete.
With over 25 years’ experience in the area of VAT management, we handle all countries and languages where VAT obligations exist. We have a dedicated & centralized team of VAT experts, with a reputation of excellence within all global tax offices ready to speak to you about your International VAT obligations.